Responding to the announcement the UK has signed treaty to accede to CPTPP trade group, Miles Celic, Chief Executive Officer, TheCityUK, said:
“The UK’s accession to CPTPP is a great achievement. CPTPP membership gives UK-based firms from across the financial and related professional services industry deeper access to business opportunities in one of the fastest growing regions in the world, including new preferential access to Malaysia, an important CPTPP market with which the UK has no free trade agreement.
“It also paves the way for close working and alignment on innovative approaches to digital trade, regulatory cooperation and liberalising trade in services, which will ultimately boost UK exports and drive growth across the country.”